Some of it is seeping through the block (which is porous) and getting the basement wet, and the rest is just creating static pressure against the exterior foundation wall and causing it to bow and crack.The key is to get the water away from the foundation wall and keep it out of the basement.

Several court cases support the authority of the IRS to reclassify other forms of payments to a shareholder-employee as a wage expense and subject to employment taxes.[...]The key to establishing reasonable compensation is determining what the shareholder-employee did for the S corporation.

It is the epitome of a turn-key rental, which is very important for my wife and I at this stage in our lives as I run an Internet Marketing business and we have a 9 week old son.The home is located in an area that historically does not appreciate well.What are your thoughts on this as a first investment?

Just finishing up my rehab estimate and I need one more key piece of info, how much to buy and instal a refrigerated air system.

You can buy with none of your own money and that is key.

We plan to vacay and scout out the area for our own future rental property.I would think a good property management is key too, if it's a few hours away.Or at least an infrastructure to "clean"/ inspect between visits.I have seen many different contracts. some just a page, some a novel.I have seen relaxed landlording based on the honor system.I have seen strict landlording with RULES and REGULATIONS.I have been in homes, where stuff broke and they were able to fix it right away...that is my biggest issue b/c this lake is 2+ hours awayOne vacay home had a local residence to help monitor their guests (us)

There is always the "turn key" option - but you probably aren't going to hit the 2% rule on that, but it might be worth it for the ease and convenience.

Related threads already have the answers:http://www.biggerpockets.com/forums/67/topics/78889-smoker-rehab-keys-to-success-with-tobacco-smoke--before-after-picshttp://www.biggerpockets.com/forums/67/topics/63695-heavy-smoker-rehabhttp://www.biggerpockets.com/forums/67/topics/83682-what-is-required-to-get-rid-of-cigarette-smoke-odor-staining-etchttp://www.biggerpockets.com/forums/84/topics/88547-intense-odor-from-pets-grease-and-who-knows-what-else-best-way-to-remedy-situationhttp://www.biggerpockets.com/forums/84/topics/29143-smells-like-smokehttp://www.biggerpockets.com/forums/84/topics/90864-smoke-odor-in-carpethttp://www.biggerpockets.com/forums/67/topics/88945-repair-smoke-damage-soot-and-smoke-odorhttps://www.biggerpockets.com/forums/56/topics/81030-need-help--carpet-cleaning-expertshttp://www.biggerpockets.com/forums/67/topics/70662-vent-cleaning-required-on-rehabs

YOU make yourself successful by constantly learning and pushing yourself to a level that few attain.That makes you valuable to clients as many want the best in their respective field.The KEY question is do you have a full or part time job doing this on the side or is this you have to make closings or you will quit in 60 days because you can't pay the bills to survive??

That is key to have in place before you buy so you don't get hosed with nasty taxes.